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    Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

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    Dogecoin (DOGE) Price Prediction February 2025

    • currency-symbol DOGE $ 0.1709 (8.54%) top gainer
    Story Highlights
    • Crypto whales accumulate 560M DOGE, signaling growing interest and potential for a massive rally despite market uncertainty.

    • Dogecoin shows bullish momentum with strong whale support and a bullish double-bottom pattern, targeting $0.415 in the coming days.

    Amid the ongoing market uncertainty, Dogecoin (DOGE), the popular meme coin, is poised for a massive upside rally as it has garnered widespread attention, with crypto whales strongly betting on it. Recently, a prominent crypto expert posted on X (formerly Twitter) that whales have accumulated a significant 560 million DOGE in the past week.

    Crypto Whales Buy 560 Million DOGE Coins

    The post on X also stressed that this significant accumulation comes after an intense sell-off, which is currently signaling growing interest from long-term holders, whales, and investors. In addition, whales and long-term holders have been consistently found accumulating the tokens.

    Data from Coinglassโ€™s spot inflow/outflow metrics revealed that exchanges have witnessed an outflow of $13 million worth of DOGE, indicating potential accumulation and the possibility of buying pressure.

    However, despite substantial accumulation, the DOGE meme coin hasnโ€™t witnessed any major gains or buying pressure.

    Traders Rising Interest 

    Besides the strong accumulation by whales and long-term holders, intraday traders seem bullish on the meme coin today, February 1, 2025. At press time, the DOGE Long/Short ratio stands at 1.05, indicating strong bullish sentiment among traders.

    With all these on-chain metrics, the DOGE meme coin appears bullish, and this could support the coin in gaining a massive upside rally.

    Dogecoin (DOGE) Technical Analysis and Upcoming Level

    According to expert technical analysis, DOGE appears bullish as it seems to be forming a bullish double-bottom price action pattern on the daily time frame.

    Based on the recent price action and historical momentum, if DOGE holds above the $0.31 level, there is a strong possibility it could soar by 25% to reach the $0.415 level in the coming days.

    DOGE is currently trading near $0.33 and has experienced a modest price drop of 0.25% in the past 24 hours. During the same period, its trading volume increased by 35%, indicating heightened participation from traders and investors compared to previous days.

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